Budget Central Bloghttp://blogs.calstate.edu/budgetcentral
Just another WordPress weblogWed, 14 Jan 2015 01:04:40 +0000http://wordpress.org/?v=2.7.1enhourly1CSU to Receive Incremental Funding Increase Under Governor’s January Budget Proposalhttp://blogs.calstate.edu/budgetcentral/index.php/csu-to-receive-incremental-funding-increase-under-governor%e2%80%99s-january-budget-proposal
http://blogs.calstate.edu/budgetcentral/index.php/csu-to-receive-incremental-funding-increase-under-governor%e2%80%99s-january-budget-proposal#commentsWed, 14 Jan 2015 01:02:22 +0000stharahttp://blogs.calstate.edu/budgetcentral/?p=1985(January 13, 2015) On January 9, Governor Jerry Brown unveiled his 2015-16 budget proposal, which offers to increase the California State University’s General Fund allocation by $119.5 million, contingent upon tuition remaining flat. The proposal would also provide $25 million to address infrastructure needs and $25 million for innovation awards – partnerships or practices that promote completion of degrees within four years.

CSU Chancellor Timothy P. White indicated that the CSU would not look to increase tuition in 2015-16, remarking that “Our students and our board are not ready to do that at this time,” during an interview with Sacramento’s Capitol Public Radio. For 2015-16, annual tuition will continue at $5,472, marking the fourth consecutive year that tuition has remained steady. This also marks the university’s longest stretch with no tuition increases since 1999-00 through 2002-03.

While the allocation proposed is an increase over the previous year, it falls short of fully funding the university’s critical needs. In November, the CSU Trustees approved a support budget that requested an increase of $97.1 million over the CSU’s 2014-15 General Fund allocation. Among the many areas of unfunded need, the additional funding would allow for increasing enrollment by 12,000 students. The demand for a CSU education continues to outpace resources with applications increasing for the sixth consecutive year. As a result, the CSU has been forced to turn away 20,000-30,000 fully eligible students. Other areas of need identified in the support budget request include bolstering student success and completion initiatives, upgrading technology and employee compensation.

The next budget milestone comes in May when the Governor issues his May Revise. CSU leaders will continue to work with the governor and legislature through the budget process to ensure that the university can continue to fulfill its mission.

]]>http://blogs.calstate.edu/budgetcentral/index.php/csu-to-receive-incremental-funding-increase-under-governor%e2%80%99s-january-budget-proposal/feedCSU Trustees Approve 2015-16 Support Budgethttp://blogs.calstate.edu/budgetcentral/index.php/csu-trustees-approve-2015-16-support-budget
http://blogs.calstate.edu/budgetcentral/index.php/csu-trustees-approve-2015-16-support-budget#commentsFri, 14 Nov 2014 00:51:16 +0000stharahttp://blogs.calstate.edu/budgetcentral/?p=1976(November 13, 2014) On November 13, CSU Trustees voted to approve the university’s 2015-16 support budget request. The request from the Trustees is for a budget augmentation of $269 million (including $52.4 million that would come from tuition fee revenue if the system is provided funding to increase enrollment by three percent) and represents a credible statement of the university’s key funding needs.

The Governor has previously proposed a multi-year funding plan that would increase CSU’s funding by $119.5 million in 2015-16.

During the last budget season, acknowledging that state support lagged behind what was needed by the university, the Legislature approved an augmentation of $50 million for deferred maintenance for the CSU. The augmentation, proposed through Assembly Bill 1476, was ultimately vetoed by the Governor.

The support budget will now be sent on to the Department of Finance to help shape the Governor’s January budget proposal. More information on the CSU’s 2015-16 support budget can be viewed here.

]]>http://blogs.calstate.edu/budgetcentral/index.php/csu-trustees-approve-2015-16-support-budget/feedCalifornia State University Outlines 2014-15 Budget Expenditure Planhttp://blogs.calstate.edu/budgetcentral/index.php/california-state-university-outlines-2014-15-budget-expenditure-plan
http://blogs.calstate.edu/budgetcentral/index.php/california-state-university-outlines-2014-15-budget-expenditure-plan#commentsWed, 27 Aug 2014 22:23:09 +0000stharahttp://blogs.calstate.edu/budgetcentral/?p=1972(July 22, 2014) At their July 2014 Board Meeting, California State University Trustees reviewed the system’s 2014-15 budget expenditure plan. With an additional $142.2 million in General Fund allocation from the state, the plan prioritizes enrollment growth, student success and completion, employee compensation and critical infrastructure needs.

“With the additional funding provided in this year’s budget, the California State University can admit new students, bolster programs that improve student outcomes and reinvest in the talented employees who have sacrificed for many years while remaining committed to the success of our students and the mission of the university,” said CSU Chancellor Timothy P. White.
CSU campuses continue to receive record numbers of applications and funding from the 2014-15 budget will provide access for approximately 9,900 new students across the system. The CSU will also allocate funding for student achievement initiatives that scale best practices or develop new strategies to bolster systemwide efforts to improve student success, minimize time to degree and further narrow achievement gaps for underserved students.

The CSU plans to allocate funding towards a compensation pool to provide salary increases for the system’s 45,000 employees. The final amount of any employee compensation increase will be negotiated through the collective bargaining process.

“Faculty and staff have a direct impact on student success and outcomes, and by investing in our employees we are making a long-needed investment directly in student achievement,” added White.

Along with a modest 1.34 percent increase for all employees in the 2013-14 budget, the current compensation pool would mark just the second compensation increase for all CSU employees since 2007-08.

The 2014-15 budget also provides the CSU with new statutory authority to address long-standing facility needs either through a new capital financing program as part of the existing systemwide revenue bond (SRB) program or a separate stand-alone debt program.